Jack, very good analysis. The price is reaching supply/resistance/sell area. I just sold my BABA call options. Wait for the signal to sell at 115-120 or buy again after pull back.

I have an important question for you. I love your trading logic to wait until price breaks out a structure, and then wait for pull back to enter. But I do noticed recently that after the reversal / break out, price movement can be so strong that there is little correction pull back. For example, AUD/NZD, I patiently waited for the reversal, but after the confirmation, price moved in a line so far.

So the question for you, what should we do if price break out and move strongly away? Should we always wait for pull back after the breakout? I hate to miss a good trade. Please advise. Thank you!